RBC Dain Rauscher, a wholly owned subsidiary of Royal Bank of Canada, is one of the largest full-service securities firms in the United States. The company serves individual investors and businesses through offices, capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, RBC Dain Rauscher is a member of the Financial Industry Regulatory Authority and other several major securities exchanges, as well as the Securities Investor Protection. The company is part of RBC's Wealth Management segment that serves affluent and high net worth clients in Canada, the United States, Europe, Latin America and Asia. It provides asset management and trust services through RBC and third-party distributors and has approximately $500 billion of assets under administration, over 3,500 financial advisors and more than $130 billion of assets under management. Headquartered in Minneapolis, RBC Dain Rauscher maintains a location in Boston.